The Basel Institute’s Collective Action team has facilitated the co-development of a set of indicators that health care companies may wish to consider when reporting on the effectiveness of their anti-corruption efforts to external stakeholders.

The guidance note containing the indicators was developed over seven months by a group of health care companies under an innovative project of Norges Bank Investment Management.

Congratulations to the trailblazing Ethics and Anti-Corruption Commission (EACC) of Kenya, whose latest figures show recovered assets worth a total of KES 29.8 billion (over USD 271 million). KES 20.5 million of this, or around USD 187 million at current exchange rates, was collected in the last five years.

Are we at a turning point in the fight to save our planet from the ravages of environmental crime and corruption?

Possibly. The ongoing pandemic, caused by a zoonotic disease, has brought home the fact that environmental degradation is already altering our lives. Hopes that this was a one-off disruption and that we could soon return to the way things were have been dashed. It is now frighteningly clear that the pace of abuse of our planet keeps accelerating and the next crisis looms around the corner.

The Basel Institute on Governance is offering a new Cryptocurrencies and Anti-Money Laundering Compliance Training course aimed at law enforcement officials, professionals in AML compliance and FinTech/RegTech fields, as well as policymakers and investigative journalists.

Delivered over four three-hour online sessions, the course covers the essentials of how to detect and prevent the use of virtual assets for illicit activities. 

The Basel Institute on Governance has released a new eLearning course on Terrorist Financing.

Developed in cooperation with the Egmont Group of Financial Intelligence Units (FIUs), the course is aimed at analysts, investigators, prosecutors, representatives of FIUs and professionals in the field of anti-money laundering and counter financing of terrorism (AML/CFT).

The 4th Global Conference on Criminal Finances and Cryptocurrencies, co-organised by the Basel Institute on Governance, INTERPOL and Europol and hosted this year by INTERPOL, closed yesterday with a convergence around seven key recommendations for strengthening the global response to new financial crime threats relating to cryptocurrencies.

On 28 October 2020, Uganda registered a landmark judgment in the case of Uganda v Geoffrey Kazinda. Although there have been a couple of other previously prosecuted illicit enrichment cases, the Kazinda case is the most significant because of the vast sum of money involved: a total of UGX 4,630,195,258 (over USD 1,252,600).